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Canada - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Canada: Cashew Nut Market Overview 2021

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Cashew Nut Market Size in Canada

In 2020, the Canadian cashew nut market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Cashew Nut Production in Canada

In value terms, cashew nut production totaled $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in years to come.

The average yield of cashew nuts in Canada was estimated at X kg per ha in 2020, leveling off at the year before. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of cashew nuts in Canada totaled X ha, approximately reflecting the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cashew Nut Exports

Exports from Canada

In 2020, approx. X kg of cashew nuts were exported from Canada; declining by -X% compared with 2019. In general, exports recorded a sharp setback. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, cashew nut exports dropped rapidly to $X in 2020. Over the period under review, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X kg) was the main destination for cashew nut exports from Canada, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Turks and Caicos Islands was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Turks and Caicos Islands was relatively modest.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turks and Caicos Islands.

From 2007 to 2020, the rate of growth in terms of prices for Turks and Caicos Islands amounted to X% per year.

Cashew Nut Imports

Imports into Canada

For the third consecutive year, Canada recorded decline in purchases abroad of cashew nuts, which decreased by -X% to X tonnes in 2020. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, cashew nut imports declined markedly to $X in 2020. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Viet Nam (X tonnes) constituted the largest supplier of cashew nut to Canada, with a X% share of total imports. Moreover, cashew nut imports from Viet Nam exceeded the figures recorded by the second-largest supplier, Ghana (X tonnes), fivefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Viet Nam totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and the U.S. (+X% per year).

In value terms, Viet Nam ($X) constituted the largest supplier of cashew nut to Canada, comprising X% of total imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value from Viet Nam stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average cashew nut import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cashew nut import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Iran ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?
+
India (1.6M tonnes) remains the largest cashew nut consuming country worldwide, comprising approx. 44% of total volume. Moreover, cashew nut consumption in India exceeded the figures recorded by the second-largest consumer, Viet Nam (348K tonnes), fivefold. The Philippines (258K tonnes) ranked third in terms of total consumption with a 7% share.
What are the largest producers of cashew nuts in the world?
+
The countries with the highest volumes of cashew nut production in 2020 were Cote d'Ivoire (864K tonnes), India (754K tonnes) and Ghana (346K tonnes), together accounting for 47% of global production. These countries were followed by Viet Nam, the Philippines, Tanzania, Benin, Mali, Guinea-Bissau, Burkina Faso, Brazil, Indonesia and Mozambique, which together accounted for a further 45%.
What are the leading suppliers of cashew nuts to Canada?
+
In value terms, Viet Nam ($250K) constituted the largest supplier of cashew nut to Canada, comprising 57% of total imports. The second position in the ranking was occupied by Ghana ($114K), with a 26% share of total imports. It was followed by the U.S., with a 9.2% share.
What is the average export price for cashew nuts in Canada?
+
In 2020, the average cashew nut export price amounted to $1,857 per tonne, which is down by -25.9% against the previous year.
What is the average import price for cashew nuts in Canada?
+
The average cashew nut import price stood at $4,305 per tonne in 2020, waning by -36.1% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

This report provides an in-depth analysis of the cashew nut market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Canada

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Canada
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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